Possible production points and curve

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Reference no: EM1375145

Question1. Why does a production possibilities curve bow out rather than forming a straight line sloping downward from left to right?

Question2. Out of all of the possible production points along a production possibilities curve, which one of those points does a nation select and why?

Question3. Determine the Heckscher-Ohlin Theory say about what determines the trade patterns between countries?

Reference no: EM1375145

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